ACCUMULATED NATIONAL WEALTH AN ELEMENT OF ECONOMIC DEVELOPMENT

National wealth is the economic potential of a country. National wealth embraces the elements and resources available to a country and on the basis of which it can organize its production activity. Of course, national wealth is a very important element because in the process of development a country needs its own and attracted resources. A country’s own resources guarantee the prospect of development at least related to the country’s needs. National wealth includes material assets in society, reserves of foreign currency and net claims on other countries, and from this point of view, adding the natural resources that will enter the economic circuit give the possibility of a real appreciation of the perspectives of evolution. In this article, the authors attempt to define the main components of national wealth, inventing the elements on which national wealth is built. To quantify the accumulated national wealth of a country, the main part of it, there are a number of indicators that give the essence of the wealth of the national economy. In this respect, fixed capital is the main component of national wealth and this is expressed by a number of indicators including the full initial value, the remaining value, the replacement value. On the basis of these quantified indicators by calculation relations, the important elements that define the accumulating part of the national wealth can be calculated on the total national economy and in the structure of the national economy.